路透社日本制造商短观指数从4月份的8个月高点9微降至2025年5月的8，表明商业信心略有下降。企业预计，未来三个月情况将恶化，主要是由于美国关税政策转变的不确定性。虽然市场情绪仍处于积极区间，但整体基调变得更加谨慎。这反映了日本第一季度经济收缩和全球贸易紧张局势风险增加后的更广泛担忧。一些公司指出，美国的贸易政策推迟或冻结了资本投资，进一步影响了商业状况。相比之下，受汽车产量增长的支撑，运输行业的情绪升至2023年12月以来的最高水平。然而，运输和金属制品行业的公司预计未来市场情绪会下降，理由是关税的不确定性、通货膨胀的加速和中国经济的疲软。

The Reuters Tankan index for Japanese manufacturers edged down to 8 in May 2025 from an eight-month high of 9 in April, indicating a slight dip in business confidence. Companies expect conditions to deteriorate over the next three months, largely due to uncertainty surrounding shifting US tariff policies. While sentiment remains in positive territory—the overall tone has grown more cautious. This reflects broader concerns following Japan’s economic contraction in the first quarter and growing risks from global trade tensions. Some firms noted that US trade policies have delayed or frozen capital investment, further weighing on business conditions. In contrast, sentiment in the transport sector rose to its highest level since December 2023, supported by a rise in vehicle production. However, companies in the transport and metal products sectors expect a decline in sentiment ahead, citing tariff uncertainty, accelerating inflation, and a weakening Chinese economy.

日元和澳元预测：日本贸易差额大幅缩水。美元/日元会突破145吗？日本贸易条件恶化，美联储发言人上台，让投资者对新的政策和价格信号保持警惕。

Japanese Yen and Aussie Dollar Forecasts: Japan Trade Balance Shrinks Sharply.Will USD/JPY break 145? Japanese trade terms worsen and Fed speakers take the stage, keeping investors on alert for new policy and price signals.

日元和澳元预测：日本贸易顺差大幅缩水。美元/日元会突破145吗？日本贸易条件恶化，美联储发言人上台，让投资者对新的政策和价格信号保持警惕。

Japanese Yen and Aussie Dollar Forecasts: Japan Trade Surplus Shrinks Sharply.Will USD/JPY break 145? Japanese trade terms worsen and Fed speakers take the stage, keeping investors on alert for new policy and price signals.

2025年4月，日本进口额同比下降2.2%，至92730亿日元，扭转了上个月1.8%的增长，标志着今年第二个月的下降。然而，跌幅小于预测的4.5%。

Japan's imports declined by 2.2% yoy to JPY 9,273.00 billion in April 2025, reversing a 1.8% increase in the previous month and marking the second monthly decline this year. However, the drop was smaller than the forecasted 4.5% fall.